STOCK MARKET CALLS | ANALYSIS |NIFTY OUTLOOK : 20TH JANUARY 2012

STOCK MARKET REVIEW: 19^THJANUARY 2012

The bulls were back in stroke, expanded the January rally after taking a break in the preceding session.

Food inflation shrank by 0.42% in the week ended January 7 after shrinking by 2.9% in the preceding week. Inflation in the Primary Articles group climbed to 2.47% in the week under review Inflation in the Fuel & Power group stood at 14.45% in the week ended January 7

The last time, the Nifty was above 5000 was on December 7th 2011. Sensex ended at 16,643, up 192 points from the last close. It earlier touched a day's high of 16,662 after opening at a day's low of 16,572. Nifty settled at 5,018, up 62 points. It hit a day’s high of 5,024 and day’s low of 4,991.

The Small-Cap index rose 1.24% while the Mid-Cap index went up by1.43%.CNX MIDCAP 50 index was up 1.84% and S&P CNX 500 was up 1.29%.

Nifty Gainers

Today’s Nifty Top gainers were:

RELIANCE INFRA changed 10.46% with 5829840 volumes.

TATA POWER changed 6.54% with 12176571 volumes.

STERLITE changed 2.7% with 13839687 volumes.

Nifty Losers

Today’s Nifty Top losers were:

BHEL with volume 6643104 and changed -2.69%.

M&M with volume 3031357 and changed -1.47%.

BHARTI AIRTEL. with volume 4204639 and changed -1.33%.

TECHNICAL CALLS FOR TODAY: 20^TH JANUARY 2012

BUY JUBILANT FOODWORKS FUTURES ABOVE 844

First Target 849

Second Target 854

Stop Loss 834

BUY RELIANCE INFRA FUTURES ABOVE 489

First Target 452

Second Target 455

Stop Loss 483

BUY BOMBAY DYING ABOVE 465

First Target 466.50

Second Target 468

Stop Loss 834

BUY DR. REDDY ABOVE 1700

First Target 1715

Second Target 1730

Stop Loss 1670

NIFTY OUTLOOK FOR TODAY 20^TH JANUARY 2012

NIFTY SPOT LEVEL

TREND – BULLISH

SUPPORT AND RESISTANCE:

The Support and Resistance for Nifty Spot levels

SUPPORT LEVELS 

Support 1: 4970

Support 2: 4915

RESISTANCE LEVELS

Resistance 1: 5065

Resistance 2: 5120